Section 35(1)(i): 100% deduction on Any expenditure laid out or expended on scientific research related to the business carried on by the assessee.

Section 35(1)(i):

• ·        Any expenditure laid out or expended on scientific research related to the business carried on by the assessee.

• ·        Where any such expenditure has been incurred before the commencement of the business on payment of salary to employees engaged in scientific research or on purchase of materials used in such scientific research, the aggregate of such expenditure incurred within the three years immediately preceding the commencement of business, shall be allowed as a deduction in the previous year in which business is commenced, provided that the said expenditure is certified by the prescribed authority(Ministry of scientific Research Authority).

• ·        Note: “Salary” shall not include perquisite.